Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
298. Gilder Corporation makes a product with the following standard costs:
Standard Quantity or
Hours Standard Price or
Rate Standard Cost Per
Unit
Direct materials 7.6 grams $6.00 per gram $45.60
Direct labor 0.1 hours $16.00 per hour $1.60
Variable overhead 0.1 hours $6.00 per hour $0.60
The company reported the following results concerning this product in June.
Originally budgeted output 5,400 units
Actual output 5,500 units
Raw materials used in production 39,200 grams
Purchases of raw materials 44,100 grams
Actual direct labor-hours 510 hours
Actual cost of raw materials purchases $260,190
Actual direct labor cost $7,803
Actual variable overhead cost $2,754
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The materials price variance for June is:
299. Gilder Corporation makes a product with the following standard costs:
Standard Quantity or
Hours Standard Price or
Rate Standard Cost Per
Unit
Direct materials 7.6 grams $6.00 per gram $45.60
Direct labor 0.1 hours $16.00 per hour $1.60
Variable overhead 0.1 hours $6.00 per hour $0.60
The company reported the following results concerning this product in June.
Originally budgeted output 5,400 units
Actual output 5,500 units
Raw materials used in production 39,200 grams
Purchases of raw materials 44,100 grams
Actual direct labor-hours 510 hours
Actual cost of raw materials purchases $260,190
Actual direct labor cost $7,803
Actual variable overhead cost $2,754
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The labor efficiency variance for June is:
300. Gilder Corporation makes a product with the following standard costs:
Standard Quantity or
Hours Standard Price or
Rate Standard Cost Per
Unit
Direct materials 7.6 grams $6.00 per gram $45.60
Direct labor 0.1 hours $16.00 per hour $1.60
Variable overhead 0.1 hours $6.00 per hour $0.60
The company reported the following results concerning this product in June.
Originally budgeted output 5,400 units
Actual output 5,500 units
Raw materials used in production 39,200 grams
Purchases of raw materials 44,100 grams
Actual direct labor-hours 510 hours
Actual cost of raw materials purchases $260,190
Actual direct labor cost $7,803
Actual variable overhead cost $2,754
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The labor rate variance for June is:
301. Gilder Corporation makes a product with the following standard costs:
Standard Quantity or
Hours Standard Price or
Rate Standard Cost Per
Unit
Direct materials 7.6 grams $6.00 per gram $45.60
Direct labor 0.1 hours $16.00 per hour $1.60
Variable overhead 0.1 hours $6.00 per hour $0.60
The company reported the following results concerning this product in June.
Originally budgeted output 5,400 units
Actual output 5,500 units
Raw materials used in production 39,200 grams
Purchases of raw materials 44,100 grams
Actual direct labor-hours 510 hours
Actual cost of raw materials purchases $260,190
Actual direct labor cost $7,803
Actual variable overhead cost $2,754
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for June is:
302. Gilder Corporation makes a product with the following standard costs:
Standard Quantity or
Hours Standard Price or
Rate Standard Cost Per
Unit
Direct materials 7.6 grams $6.00 per gram $45.60
Direct labor 0.1 hours $16.00 per hour $1.60
Variable overhead 0.1 hours $6.00 per hour $0.60
The company reported the following results concerning this product in June.
Originally budgeted output 5,400 units
Actual output 5,500 units
Raw materials used in production 39,200 grams
Purchases of raw materials 44,100 grams
Actual direct labor-hours 510 hours
Actual cost of raw materials purchases $260,190
Actual direct labor cost $7,803
Actual variable overhead cost $2,754
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The variable overhead rate variance for June is:
303. Epley Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate
Direct materials 3.5 pounds $3.00 per pound
Direct labor 0.8 hours $19.00 per hour
Variable overhead 0.8 hours $8.00 per hour
In July the company produced 3,300 units using 12,240 pounds of the direct material and 2,760
direct labor-hours. During the month, the company purchased 13,000 pounds of the direct
material at a cost of $35,100. The actual direct labor cost was $51,612 and the actual variable
overhead cost was $20,148.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The materials quantity variance for July is:
304. Epley Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate
Direct materials 3.5 pounds $3.00 per pound
Direct labor 0.8 hours $19.00 per hour
Variable overhead 0.8 hours $8.00 per hour
In July the company produced 3,300 units using 12,240 pounds of the direct material and 2,760
direct labor-hours. During the month, the company purchased 13,000 pounds of the direct
material at a cost of $35,100. The actual direct labor cost was $51,612 and the actual variable
overhead cost was $20,148.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The materials price variance for July is:
305. Epley Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate
Direct materials 3.5 pounds $3.00 per pound
Direct labor 0.8 hours $19.00 per hour
Variable overhead 0.8 hours $8.00 per hour
In July the company produced 3,300 units using 12,240 pounds of the direct material and 2,760
direct labor-hours. During the month, the company purchased 13,000 pounds of the direct
material at a cost of $35,100. The actual direct labor cost was $51,612 and the actual variable
overhead cost was $20,148.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The labor efficiency variance for July is:
306. Epley Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate
Direct materials 3.5 pounds $3.00 per pound
Direct labor 0.8 hours $19.00 per hour
Variable overhead 0.8 hours $8.00 per hour
In July the company produced 3,300 units using 12,240 pounds of the direct material and 2,760
direct labor-hours. During the month, the company purchased 13,000 pounds of the direct
material at a cost of $35,100. The actual direct labor cost was $51,612 and the actual variable
overhead cost was $20,148.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The labor rate variance for July is:
307. Epley Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate
Direct materials 3.5 pounds $3.00 per pound
Direct labor 0.8 hours $19.00 per hour
Variable overhead 0.8 hours $8.00 per hour
In July the company produced 3,300 units using 12,240 pounds of the direct material and 2,760
direct labor-hours. During the month, the company purchased 13,000 pounds of the direct
material at a cost of $35,100. The actual direct labor cost was $51,612 and the actual variable
overhead cost was $20,148.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for July is:
308. Epley Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate
Direct materials 3.5 pounds $3.00 per pound
Direct labor 0.8 hours $19.00 per hour
Variable overhead 0.8 hours $8.00 per hour
In July the company produced 3,300 units using 12,240 pounds of the direct material and 2,760
direct labor-hours. During the month, the company purchased 13,000 pounds of the direct
material at a cost of $35,100. The actual direct labor cost was $51,612 and the actual variable
overhead cost was $20,148.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The variable overhead rate variance for July is:
309. Pardoe Inc., manufactures a single product in which variable manufacturing overhead is
assigned on the basis of standard direct labor-hours. The company uses a standard cost system
and has established the following standards for one unit of product:
Standard
Quantity Standard Price
or Rate Standard
Cost
Direct materials 1.5 pounds $3.00 per pound $4.50
Direct labor 0.6 hours $6.00 per hour $3.60
Variable manufacturing overhead 0.6 hours $1.25 per hour $0.75
During March, the following activity was recorded by the company:
• The company produced 3,000 units during the month.
• A total of 8,000 pounds of material were purchased at a cost of $23,000.
• There was no beginning inventory of materials on hand to start the month; at the end of the
month, 2,000 pounds of material remained in the warehouse.
• During March, 1,600 direct labor-hours were worked at a rate of $6.50 per hour.
• Variable manufacturing overhead costs during March totaled $1,800.
The direct materials purchases variance is computed when the materials are purchased.
The materials price variance for March is:
